FortressIQ raises $12M to bring new AI twist to process automation

FortressIQ , a startup that wants to bring a new kind of artificial intelligence to process automation called imitation learning, emerged from stealth this morning and announced it has raised $12 million.
The Series A investment came entirely from a single venture capital firm, Light Speed Venture Partners. Today's funding comes on top of $4 million in seed capital the company raised previously from Boldstart Ventures, Comcast Ventures and Eniac Ventures.
Pankaj Chowdhry, founder & CEO of FortressIQ says that his company basically replaces high-cost consultants, who are paid to do time and...Read more ...